Gold Soars 28% in a Month, Silver Crosses $120: Highest Returns Since 1973
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Moneycontrol•29-01-2026, 21:50
Gold Soars 28% in a Month, Silver Crosses $120: Highest Returns Since 1973
- •Gold recorded a 28% return in January, its highest monthly gain since 1973, reaching $5,514.03 per ounce.
- •Silver prices surged past $120 per ounce globally and ₹4 lakh per kilogram in Delhi, marking a significant milestone.
- •Geopolitical tensions, including US-Iran nuclear deal pressure and threats, are fueling the rally in precious metals.
- •Holdings of SPDR Gold Trust, the world's largest gold ETF, reached a nearly 4-year high, indicating strong investor interest.
- •Experts predict gold could reach $8,000 per ounce by 2027 due to ongoing global uncertainties.
Why It Matters: Gold and silver are experiencing historic rallies driven by geopolitical tensions and economic uncertainties.
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